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1
zzyzzx
2021 Dec 15, 5:01am
zzyzzx
2021 Dec 15, 5:01am
Al_Sharpton_for_President says
FINALLY!!!
“I would be establishing a presumption that the Fed will do whatever is necessary to bring inflation under control, and that quite possibly that could involve four rate increases during the next year and more after that,” he said.
FINALLY!!!
2
Robert Sproul
2021 Dec 15, 7:40am
Is there a *Paul Volcker* somewhere among these self-serving lily livers ready to step forward and deliver the medicine?
3
Tenpoundbass
2021 Dec 15, 9:30am
Tenpoundbass
2021 Dec 15, 9:30am
Yup remember when Bush allowed market manipulation to get Gas over $5 a gallon.
When people quit driving, and the World ran out refined Petrol storage. It created a crissis, where new Oil being pumped couldn't be refined. Because there was no where to hide the excess unused unaffordable petrol that was being produced as an unwanted byproduct.
So when market forces, did what market forces do. Every scumbag shyster that went long on the pain and suffering of unaffordable energy prices, and a rigged energy policy that made Congress critters millionaires. They all started whining and crying for a Bailout, because it was their believe that they were entitled to the profits of $10 a gallon gas.
btw for those of you not sophisticated enough to understand why Biden released all of our reserves. Then laughed and ridiculed potato Biden for only bringing the price of gas down by 2 cents Missed the whole point of him doing so. It was to temporarily avoid a repeat of the 2007 Oil/gas crash.
When people quit driving, and the World ran out refined Petrol storage. It created a crissis, where new Oil being pumped couldn't be refined. Because there was no where to hide the excess unused unaffordable petrol that was being produced as an unwanted byproduct.
So when market forces, did what market forces do. Every scumbag shyster that went long on the pain and suffering of unaffordable energy prices, and a rigged energy policy that made Congress critters millionaires. They all started whining and crying for a Bailout, because it was their believe that they were entitled to the profits of $10 a gallon gas.
btw for those of you not sophisticated enough to understand why Biden released all of our reserves. Then laughed and ridiculed potato Biden for only bringing the price of gas down by 2 cents Missed the whole point of him doing so. It was to temporarily avoid a repeat of the 2007 Oil/gas crash.
“The Fed will have a very difficult time organizing a soft landing,” he said, noting the long and variable lags between monetary-policy actions and their impact on the economy. “All the efforts at disinflation that we have had historically, where it was clearly established that inflation was too high and the Fed acted, have ended in recession.”
He called on the the Fed to immediately stop buying mortgage-backed securities and wind up its purchases of Treasury debt “probably by the end of February.”
“I would be establishing a presumption that the Fed will do whatever is necessary to bring inflation under control, and that quite possibly that could involve four rate increases during the next year and more after that,” he said.
https://finance.yahoo.com/news/summers-warns-markets-risk-spontaneous-213950091.html?source=patrick.net